Indus Towers

FEATURED ARTICLES ABOUT INDUS TOWERS - PAGE 2

CHANDIGARH: Indus Towers today said it will invest Rs 260 crore on setting up 1,000 new telecom towers in Punjab and Haryana in the current fiscal. "We have planned to invest Rs 180 crore in Punjab and Rs 80 crore in Haryana for setting up 1,000 telecom towers in both states," Company's CEO, Punjab and Haryana, Rajesh V told reporters here today. Of the proposed towers, 700 sites will be in Punjab and rest will be in Haryana, he said. The company currently has more than 7,800 towers in both the states with over 17,000 tenancies in the circles.

NEW DELHI: Telecom tower operator Indus Towers today said it has converted 50,000 of its cell towers to outdoors eliminating the need for air-conditioners and thereby reducing energy consumption. The company said 50,000 of its cell sites are now outdoor sites across 15 circles in the country, thus shutting AC's in those sites and working towards minimal energy consumption. The firm operates over 1.15 lakh towers across India. By analysing the power consumption patterns, Indus found that air conditioners' energy consumption accounts for 25-30 per cent of total energy consumption in mobile towers, it said in a statement.

BARCELONA: Indus Towers, a joint venture company of Bharti Airtel, Vodafone and Idea, will tap the capital market in the next 2-3 years, followed by listing of Bharti Airtel's tower unit. Bharti Airtel and Vodafone each has 42 per cent stake in Indus Towers, while Idea owns 16 per cent. "We will list Indus Towers in the next 2-3 years, followed by listing of our tower unit Bharti Infratel," Bharti Airtel's Joint Managing Director Akhil Gupta told the media.

NEW DELHI: Indus Towers and its partner telecom operators plan to invest about Rs 220 crore over three years to equip 3,000 street light poles in the entire New Delhi Municipal Corporation (NDMC) area with 2G/3G/4G technologies, with a target of 1,000 poles each year. The world's largest telecom tower company, which has more than 115,000 towers across India, has won a tender to set up a digital network by way of street lamps across the NDMC area. Indus Towers is a three-way joint venture between Bharti Airtel , Vodafone India and Idea Cellular in which India's top two carriers hold 42% share each while Idea holds 16%. In order to execute this large project of 3,000 2G/3G/4G enabled poles, Indus will set up a dedicated project management team in consultation with NDMC and the telecom operators to install robust outdoor equipment in weather-proof and tamperproof casing, ensuring low maintenance and security.

MUMBAI: Rising running costs, rampant diesel pilferage and taxes are taking their toll on the cash flows of the country's debt-laden telecom tower business , which is finding it almost impossible to raise cash from investors. The mouthwatering valuation enjoyed by tower firms two years ago is now history. Today, companies wanting to go public fear a thumbs-down from investors while those looking for a strategic share sale are waiting with their fingers crossed. "For these companies, the projections on which valuation were made have just not happened," said Hemant Joshi, Partner, Deloitte Haskins & Sells.

KOLKATA: Indus Towers reinforced its go-green credo by turning 50,000 of its cell sites into outdoor sites across 15 circles Tuesday, switching off ACs at these locations, and in turn, working towards minimal energy consumption. Indus Towers, the world's largest tower operator, is a three-way JV between India's top three telcos -- Bharti Airtel, Vodafone India and Idea Cellular. "Indus has been focusing on enabling communications through sustainable green solutions to reduce carbon emissions and consumption of diesel, thus saving energy across all sites," the company's CEO B S Shantharaju, said in a media statement.

NEW DELHI: Indus Towers, the world's biggest telecom tower company, has converted nearly a third of its 1,14,000 sites across 15 circles to 'green', employing better energy storage solutions to completely cut diesel usage. The move has made it the largest green telecom tower provider in the country. The company estimates that the 35,000 towers that have been converted to 'green' will reduce diesel usage by 54 million litres a year and deliver Rs 300 crore savings on fuel, its CEO BS Shantharaju said.

NEW DELHI: Indus Towers made an announcement today that the company would provide high efficiency Solar LED Lighting Systems , to rural areas. Speaking of the company's Green Vision, BS Shantharaju, CEO, Indus Towers said, "One of Indus' core Values is Environment. We are committed to our values framework and have already reduced usage of 62 million litres of diesel in the last 2 years and our endeavor will be to reduce it further every year. We will take this campaign to as many cities as possible and recreate the image of our country as a 'Green Nation'.

NEW DELHI: Telecom tower providers are looking to reduce operational costs by inviting proposals next week for setting up independent renewable energy companies that will generate and supply green power to run towers. Taipa, the industry association representing tower infrastructure providers across the country, is working on a request-for-proposal or RFP for the initiative that will help save the cost of diesel for running towers especially in areas where grid electricity is not available.

MUMBAI: US private equity firm Providence is looking to sell its 5 per cent indirect holding in Indus Towers by offloading its stake in Idea Cellular unit Aditya Birla Telecom and has asked bankers to informally value the company, people familiar with the matter said. However, buyers are difficult to come by because investments in Indus, India's largest telecom tower company, can also be made through publicly traded Bharti Infratel , they said. A banker added that investing through unlisted Aditya Birla Telecom is complicated, difficult to exit and cannot be easily traded.